Options are financial derivatives that give the buyer the right, but not the obligation, to buy or sell an underlying asset at a specified price on or before a certain date. There are two types of options:

• Call Options: Give the holder the right to buy an asset
• Put Options: Give the holder the right to sell an asset

Our Options Calculator helps you analyze potential profits and risks for various options strategies. To use it effectively:

1. Enter the stock symbol and current price
2. Select the option type (Call or Put)
3. Input the strike price, expiration date, and option price
4. Adjust the implied volatility if needed
5. Review the calculated results and profit/loss graph

• Covered Call: Selling call options on stocks you own
• Protective Put: Buying put options to protect your stock holdings
• Bull Call Spread: Buying a call option and selling a higher strike call option
• Bear Put Spread: Buying a put option and selling a lower strike put option
• Straddle: Buying a call and put option with the same strike price and expiration